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Pentagon locks in 10-year F-35 jet deal

Pentagon locks in 10-year F-35 jet deal

Summary

Lockheed Martin and the Pentagon have made a 10-year agreement to produce at least 850 F-35 fighter jets. Lockheed Martin will invest at least $7 billion of its own money to support this program.

Key Facts

  • The agreement covers producing F-35 Lightning II fighter jets for 10 years.
  • At least 850 jets will be built under this deal.
  • Lockheed Martin will invest a minimum of $7 billion in the program.
  • The funds will go to projects that help support the F-35 program.
  • The deal was announced by the U.S. Department of Defense on a Thursday.
  • The F-35 is a key fighter jet used by the U.S. military and allies.
  • This contract ensures long-term production and support for the fighter jets.
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